Jiayin Group (NASDAQ:JFIN) Sees Large Volume Increase – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN) shares saw strong trading volume on Friday . 151,777 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 99,133 shares.The stock last traded at $14.25 and had previously closed at $14.84.

Jiayin Group Price Performance

The business’s 50 day simple moving average is $9.84 and its 200 day simple moving average is $7.73. The stock has a market cap of $748.91 million, a P/E ratio of 4.65 and a beta of 0.78.

Jiayin Group (NASDAQ:JFIN) last posted its earnings results on Thursday, March 27th. The company reported $0.72 EPS for the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%. The business had revenue of $192.42 million during the quarter.

Institutional Investors Weigh In On Jiayin Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC bought a new position in Jiayin Group during the 4th quarter valued at about $174,000. Renaissance Technologies LLC increased its holdings in shares of Jiayin Group by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after buying an additional 1,799 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Jiayin Group in the fourth quarter valued at approximately $109,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

Jiayin Group Company Profile

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.